Retirement properties to rent
Looking to move to somewhere smaller when you retire, or 'downsizing' as it is often referred to, can be a customary response as you approach retirement. The inclination to declutter and reduce the upkeep of your home can become more profound, and whether you currently own your home or live in a rental property, downsizing to a retirement village can be an increasingly appealing prospect. Too much space, too many hours spent cleaning and the inadvertent hoarding of possessions are often reasons to declutter and downsize. Looking for retirement properties to rent or own can be the next logical step.
At two Audley Villages - Audley Cooper's Hill in Englefield Green, Surrey and Audley Nightingale Place in Clapham, London - you are able to choose whether renting or buying is right for your personal circumstances. Whether you choose to rent or buy, you will live in your own home, in beautiful surroundings.
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Rent To Buy terms
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- Subject to satisfactory references.
- Subject to financial eligibility checks.
- The Rent to Buy scheme applies only to selected properties at Audley Nightingale Place in Clapham.
- The scheme is subject to availability and may be withdrawn or amended at any time at the discretion of Audley Villages.
- An Assured Shorthold Tenancy (AST) agreement will be granted for a fixed term of 12 months.
- Monthly rent will be set at a pre-agreed rate.
- Monthly rent includes management charges and access to all village amenities.
- A refundable tenancy deposit equal 4 weeks’ rent is payable prior to move-in.
- During the term of the tenancy, the resident shall have an exclusive option to purchase the property.
- The purchase price shall be fixed at the outset.
- Residents are responsible for council tax and utility bills.
- If the resident does not exercise the option to purchase, the tenancy may be terminated with one months’ notice in writing.
- The Village reserves the right to terminate the tenancy in accordance with the terms of the AST and relevant housing legislation.
- These Terms and Conditions do not constitute a legally binding agreement but set out the general principles of the Rent to Buy scheme.
- A formal Assured Shorthold Tenancy Agreement will be required to proceed.
Moving to an Audley village
At Audley Villages, like-minded people over the age of 55 (or around about then) choose to move from their rented or privately owned home to an Audley retirement property to free up equity, declutter or move closer to family and friends.
At Audley, your property and gardens are maintained for you; we mow the grass and wash your windows. Plus, there is a restaurant, library, health club with swimming pool, gym, spa and treatment rooms right on your doorstep, and Audley Care is on hand should you need it.
Living in an owned or rented retirement property is not the same as living in a care home
A luxury retirement village is a beautiful place to live, with services and facilities to ensure that people living there can remain independent for longer. The facilities to expect in a luxury retirement village can include a swimming pool, health club, spa area, therapy rooms, gym, fitness classes, restaurant, library and shared gardens, all right on the doorstep of your retirement property.
You live in your own home - an exquisitely built and decorated property - with your own front door, be it a retirement apartment, cottage or bungalow, in a beautiful village environment with like-minded people. Expert care is available if down the line you need any extra support.
At Audley, we pride ourselves on delivering the exceptional
Exceptional quality, exceptional choice.
Audley retirement properties are available to buy at all Audley villages. Each surrounding retirement village is purpose-built and age exclusive for over 55's (the minimum age varies by village) and no detail goes unnoticed. Two fees apply when you move to a retirement village - a monthly management fee and deferred management charge.
Find out more about owning one of our luxury new or pre-owned homes – search properties or ask a question.
Frequently asked questions
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Can I rent a property at an Audley village?
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A rental option is only available on selected properties at Audley Cooper's Hill and Audley Nightingale Place. The properties listed above are the only properties available for rent at this time.
At all other Audley villages, you own your home and are free to sell at any time on the open market.
If you wish to buy an Audley property but need a little longer to sell your existing home, the village may be able to offer a short term rent to buy option to enable you to move in sooner. This is subject to the lease term, property chosen and eligibility criteria.
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Can I buy a retirement property to rent out?
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Some leases allow the property to be rented out on the condition that the occupier meets the Qualifying Person criteria for the village. Consent from the village management is required and the monthly management fee continues to be payable. Additional fees will also apply, please ask the sales team for more details.
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Can I get a mortgage on a retirement property?
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Not currently. At Audley, we understand that everyone’s circumstances are different, but that shouldn’t mean that not everyone can move to an Audley village. Although there are specialist mortgage lenders that do offer retirement mortgages from time to time, at present we are not aware of any lenders who offer on a property in a retirement village.